Military aid to Ukraine is at risk due to financial constraints among some of its partners, with other countries unwilling to increase funding, according to Bloomberg.
Ukraine is striving to convince its Western allies to fulfill their commitments as the third winter since Russia’s 2022 invasion approaches. Meanwhile, Moscow’s military production outpaces Ukraine’s ability to secure necessary ammunition, missiles, and other equipment for defense. One source notes that Russia’s economy is operating in full support of its military, whereas Ukraine’s allies are not doing the same.
A significant portion of military support for Ukraine in 2025 is tied to the Group of Seven’s (G7) agreement to provide $50 billion in loans, financed by profits from frozen assets of Russia’s Central Bank. However, the details of this agreement are still being negotiated, with the U.S. seeking assurances that Hungary won’t block EU measures. If a deal isn’t reached, the final amount could be lower.
Even if the agreement is finalized, the $50 billion will not suffice to meet Ukraine’s needs for another year of war, forcing allies to seek additional resources. The situation is further complicated by Ukraine’s financial shortfalls. The Ukrainian government forecasts a 19% budget deficit in 2025, leaving a gap of around $35 billion to be filled. Prime Minister Denys Shmyhal recently noted that more than half of this amount would come from the IMF and the EU, but about $15 billion would still need to be covered, possibly through loans from the G7.
Moreover, military funding remains a concern. The $50 billion from the G7 roughly corresponds to the military assistance provided by the U.S. and key European allies from January 2023 to June this year. The U.S. contributed approximately €31.5 billion, while Germany, the U.K., France, and Italy collectively provided about €15.7 billion.
However, these figures may not capture all military aid, as some countries withhold full information and other commitments are still pending. Ukraine’s military continues to depend on allied support for artillery, missiles, and air defense systems.
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